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Looming London transport crisis 'risks sparking riots', says TfL chief

Looming London transport crisis 'risks sparking riots', says TfL chief | UK | Scoop.it
Sir Peter Hendy says there could be social unrest if low-paid workers now living on the outskirts of the capital cannot easily commute, writes Gwyn Topham
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Pre-crisis dynamics building again in Britain | Bill Mitchell – billy blog

Pre-crisis dynamics building again in Britain | Bill Mitchell – billy blog | UK | Scoop.it

"The UK Guardian article – Britain’s economy returns to pre-crisis strength earlier than expected (June 30, 2014) was interesting, especially in the light of the major revisions that the Office of National Statistics has announced, which suggest the loss of real output during the crisis was somewhat less (but still very large) than was previously indicated in the official data. One commentator was quoted as saying that the “recession was still huge even if it has now gone from perhaps 10 to 9.9 on the Richter scale”. But when a national statistical agency makes announcements like that people with vested interests in talking the economy up jump and the Government is no exception. The problem is that while growth has firmed over the last three quarters it is mostly due to an increase in private sector debt and a dramatic drop in household saving. There is still support for growth from the Government, which suggests that the austerity hasn’t been as severe at the macroeconomic level as the rhetoric might have indicated. The growth dynamics in the UK are looking decidedly like the pre-crisis build-up, which doesn’t augur well."


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UK needs its unions to avoid joining US in stagnating real wages mire

UK needs its unions to avoid joining US in stagnating real wages mire | UK | Scoop.it
Little evidence that benefits of high productivity are shared with workers as well-off reap most of the fruits
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When the pound was last at $1.70 we were in meltdown - Telegraph

When the pound was last at $1.70 we were in meltdown - Telegraph | UK | Scoop.it
The pound is back at the level it was against the dollar when government were forced to bail out banks to avert a global collapse. We look are the world as it was then
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Poverty hits twice as many British households as 30 years ago

Poverty hits twice as many British households as 30 years ago | UK | Scoop.it
The UK economy has doubled in size since the early 1980s – yet the number of those suffering below-minimum living standards has grown by more than twice, a study claims
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UK employment data: what the economists say

UK employment data: what the economists say | UK | Scoop.it
'Britain’s jobs market is booming everywhere apart from in most people’s pay packets ...'
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A UK industry driven by foreign firms

A UK industry driven by foreign firms | UK | Scoop.it
Foreign ownership has helped transform the once-struggling British car industry. So what can other industries learn from this? Newsnight economics correspondent Duncan Weldon reports.
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Is a UK rate rise good or bad?

Is a UK rate rise good or bad? | UK | Scoop.it
Is it good or bad that the UK looks set to be the first of the big rich developed economies to increase the cost of money?
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Bank of England sticks with low rates even as recovery builds | Reuters

Bank of England sticks with low rates even as recovery builds | Reuters | UK | Scoop.it
LONDON (Reuters) - The Bank of England kept interest rates at a record low on Thursday but the strong pace of Britain's economic recovery and a surge in house prices is likely to lead to a split among
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'I make £120,000 but I can't recall the last time we went out for dinner' - Telegraph

'I make £120,000 but I can't recall the last time we went out for dinner' - Telegraph | UK | Scoop.it
In the concluding part of our series, Judith Woods discovers how the Squeezed Middle are making ends meet as taxes and the cost of essentials keep rising
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The Bank of England cannot fine-tune house prices - Telegraph

The Bank of England cannot fine-tune house prices - Telegraph | UK | Scoop.it
The central bank does not have the right tools to fix a supply problem - but it can restrict demand
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British aid money invested in gated communities and shopping centres

British aid money invested in gated communities and shopping centres | UK | Scoop.it
CDC development fund insists projects will create jobs in poor countries but NGOs accuse government of helping big business
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Four million households in debt to energy suppliers - Telegraph

Four million households in debt to energy suppliers - Telegraph | UK | Scoop.it
After price rises last winter, 14pc of households now owe their energy provider an average £128, research shows
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An independent Scotland and economic realities of size on global stage

An independent Scotland and economic realities of size on global stage | UK | Scoop.it
Phillip Inman: Similar-sized developed economies such as Denmark, Ireland, New Zealand offer examples of struggles that could lie ahead
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High-speed rail 'needed in north'

High-speed rail 'needed in north' | UK | Scoop.it
A new HS3 high-speed rail link connecting Manchester and Leeds could help create a northern "global powerhouse", Chancellor George Osborne says.
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Could be the start of a beautiful friendship between UK and China - Telegraph

Could be the start of a beautiful friendship between UK and China - Telegraph | UK | Scoop.it
Deals announced in the past few days are just the beginning of a programme of work which will present massive opportunities to bring billions of pounds of inward investment into the UK
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Be ready for interest rate rises, Bank of England insider warns mortgage payers

Be ready for interest rate rises, Bank of England insider warns mortgage payers | UK | Scoop.it
Monetary policy committee external member signals end to ultra-cheap borrowing owing to stronger-than-expected growth
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Of course Ed Miliband doesn't know his grocery bill: who on a decent income does?

Of course Ed Miliband doesn't know his grocery bill: who on a decent income does? | UK | Scoop.it
Alex Andreou: Britain's gripped by a hunger epidemic, malnutrition is back – but what bothers rightwing media is whether Miliband is a value shopper
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Show This To The Next Person Who Says High Minimum Wages Kill Jobs

Show This To The Next Person Who Says High Minimum Wages Kill Jobs | UK | Scoop.it
If you need more evidence that a higher minimum wage won't kill the economy, consider this: The city with one of the highest minimum wages in the country has had faster job growth than any other big city over the past 10 years.

San Francisco's sm...
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Carney's great interest rate gamble - Telegraph

Carney's great interest rate gamble - Telegraph | UK | Scoop.it
With the British economy moving into top gear, there are two wildly divergent theories on the Bank of England’s next move
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UK Firms Hungry to Hire Despite Threat of Skills Gap

UK Firms Hungry to Hire Despite Threat of Skills Gap | UK | Scoop.it
More staff placements and faster hiring rate revealed in KPMG/REC research
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House price heatmap: it's still winter in the regions - Telegraph

House price heatmap: it's still winter in the regions - Telegraph | UK | Scoop.it
This map compares house prices today with those in 2007, and shows that in many areas properties are worth 20pc less than seven years ago
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If Our Children Don't Lose Weight and Exercise More, We'll Be Extinct Like the Dinosaurs

If Our Children Don't Lose Weight and Exercise More, We'll Be Extinct Like the Dinosaurs | UK | Scoop.it
In Britain, almost a third of 10 and 11-year-olds and over a fifth of four to five-year-olds are either overweight or obese. This week, it was revealed that one patient in seven in Britain's NHS hospitals has diabetes... The warning signs could not be any clearer. The trouble is, who's listening?
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Councils will soon be able to block betting shops – but why stop there?

Councils will soon be able to block betting shops – but why stop there? | UK | Scoop.it
Hannah Fearn: Other high street blights include corporate chains that damage small firms and outlets promoting binge-drinking and fatty foods
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